BERLIN/FRANKFURT (Reuters) - SAP, the world’s leading provider of enterprise software, has announced that Punit Renjen, former CEO of Deloitte, has been named as the designated supervisory board chairman, to succeed co-founder Hasso Plattner. Plattner’s term will expire in May 2024 after two decades of service. The board of SAP has nominated 61 year-old Renjen, who was CEO of Deloitte from 2015 until the end of 2022, to stand for election as a new member of SAP's supervisory board at its annual general meeting on May 11. This will trigger the handover process. Renjen has extensive experience in the global business and technology sector, and he is expected to bring a wealth of knowledge and leadership to SAP. He has held various senior positions at Deloitte, including Global Managing Partner of Clients & Markets and Global Managing Partner of Strategy & Innovation. Commenting on the appointment, Plattner said: “I am delighted to welcome Punit Renjen as the designated chairman of the SAP supervisory board. He has a proven track record of success in the global business and technology sector, and I am sure he will bring a fresh perspective to the board.” Renjen added: “I am honored to be appointed as the designated chairman of the SAP supervisory board. I look forward to working with the board and the management team to ensure that SAP continues to be a leader in the software industry.”